Tractor Supply (NASDAQ:TSCO) – Research analysts at Northcoast Research issued their Q3 2018 earnings per share (EPS) estimates for shares of Tractor Supply in a note issued to investors on Monday. Northcoast Research analyst C. Cerankosky anticipates that the specialty retailer will post earnings of $0.96 per share for the quarter. Northcoast Research currently has a “Buy” rating on the stock.
TSCO has been the topic of a number of other research reports. Piper Jaffray Companies restated a “hold” rating and issued a $56.00 target price on shares of Tractor Supply in a research report on Friday, October 27th. Royal Bank of Canada lifted their target price on Tractor Supply to $74.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. KeyCorp restated a “hold” rating on shares of Tractor Supply in a research report on Friday, November 10th. Robert W. Baird set a $66.00 target price on Tractor Supply and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Guggenheim restated a “buy” rating and issued a $88.00 target price on shares of Tractor Supply in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tractor Supply currently has a consensus rating of “Hold” and an average price target of $72.85.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $0.94 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in Tractor Supply by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,413,006 shares of the specialty retailer’s stock worth $405,879,000 after purchasing an additional 114,539 shares in the last quarter. Janus Henderson Group PLC grew its stake in Tractor Supply by 138.6% during the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock worth $322,558,000 after purchasing an additional 2,960,119 shares in the last quarter. Wells Fargo & Company MN grew its stake in Tractor Supply by 10.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,715,032 shares of the specialty retailer’s stock worth $108,545,000 after purchasing an additional 167,097 shares in the last quarter. Turtle Creek Asset Management Inc. grew its stake in Tractor Supply by 33.3% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,237,936 shares of the specialty retailer’s stock worth $78,349,000 after purchasing an additional 309,036 shares in the last quarter. Finally, WCM Investment Management CA grew its stake in Tractor Supply by 12.0% during the 4th quarter. WCM Investment Management CA now owns 1,056,399 shares of the specialty retailer’s stock worth $78,966,000 after purchasing an additional 112,929 shares in the last quarter. 92.99% of the stock is owned by hedge funds and other institutional investors.
In related news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.
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Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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